Keefe, Bruyette & Woods Raises SEI Investments (NASDAQ:SEIC) Price Target to $119.00

SEI Investments (NASDAQ:SEIC) had its price objective raised by research analysts at Keefe, Bruyette & Woods from $113.00 to $119.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 20.51% from the company’s current price.

SEIC has been the topic of several other reports. Morgan Stanley upped their price objective on shares of SEI Investments from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Raymond James Financial boosted their target price on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Finally, Piper Sandler boosted their price objective on SEI Investments from $105.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.40.

SEI Investments Stock Performance

SEI Investments stock opened at $98.75 on Thursday. The firm has a market capitalization of $11.88 billion, a P/E ratio of 16.85 and a beta of 0.97. The stock has a fifty day moving average price of $91.44 and a two-hundred day moving average price of $85.95. SEI Investments has a 52-week low of $75.08 and a 52-week high of $100.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The business had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. During the same quarter in the prior year, the firm earned $1.78 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, analysts anticipate that SEI Investments will post 5.98 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $87.25, for a total value of $4,362,500.00. Following the transaction, the chairman owned 6,825,783 shares of the company’s stock, valued at approximately $595,549,566.75. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $91.07, for a total transaction of $910,700.00. Following the sale, the director owned 77,883 shares of the company’s stock, valued at approximately $7,092,804.81. This represents a 11.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 71,332 shares of company stock valued at $6,278,583 over the last 90 days. 4.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On SEI Investments

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new position in shares of SEI Investments during the third quarter worth about $4,811,000. Oxbow Advisors LLC acquired a new stake in SEI Investments in the 1st quarter valued at approximately $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SEI Investments in the 4th quarter valued at approximately $3,217,000. Third View Private Wealth LLC bought a new position in shares of SEI Investments during the 4th quarter worth approximately $2,807,000. Finally, M&T Bank Corp acquired a new stake in shares of SEI Investments in the fourth quarter valued at approximately $3,758,000. 70.59% of the stock is owned by institutional investors.

More SEI Investments News

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI reported Q2 EPS of $1.66, ahead of the $1.44-$1.45 consensus estimate, signaling better-than-expected earnings performance. Article Title
• Positive Sentiment: Quarterly revenue came in at $641.62 million, topping estimates of about $636.35 million and rising 14.7% year over year, which supports the case for healthy business momentum. Article Title
• Positive Sentiment: Operating income increased 33% year over year and operating margin improved to 31%, suggesting stronger operational efficiency and profitability. Article Title
• Neutral Sentiment: Despite the strong quarter, EPS was 11% lower than a year ago, so investors may weigh current outperformance against the year-over-year decline in earnings. Article Title

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.